All Topics / General Property / WHY IS SAN REMO PHILLIP ISLAND SO CHEAP?

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of tdeetdee
    Member
    @tdee
    Join Date: 2006
    Post Count: 1
    May 7, 2006 - 11:04 pm

    I have been looking at san Remo Phillip island. Houses around $150k. Ocean View land … sweeping views of Cape Woolami for under $150K only an hour from Melbourne. Iooking to build a holday rental for the Grand Prix etc and use it occassionally ourselves. If the land was West Coast of Melb or Mornington Peninsula it would be $500K plus. Plenty of people in town commute to SE subs for work?Why so cheap down there?

    Profile photo of Pink AngelPink Angel
    Member
    @pink-angel
    Join Date: 2006
    Post Count: 1
    May 16, 2006 - 9:37 am

    I know the area well, most people opt for land on Phillip Island, but the prices are certainly booming there.

    I also heard a rumour that a group were considering building a boutique Casino at San Remo. Crown Casino had a monopoly for the only licensed Casino in Victoria for ten years. That has since elapsed, so applications for licensed Casino’s can be considered by the government now.

    Profile photo of HappyHomesHappyHomes
    Participant
    @impatient
    Join Date: 2006
    Post Count: 34
    May 18, 2006 - 7:22 pm

    I made my first 100% profit on a little cottage not far from there a few years ago. Lovely place.

    HappyHomes | HappyHomes
    Email Me

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.